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Oil price news

 

Oil prices rise on Suez Canal blockade

Oil prices rose on Friday as the market re-evaluated the importance and consequences of the Suez Canal blockade and the effect of a prolonged bottleneck.

 
 
 
 
 

Oil prices stay largely flat on tight global supply

Oil prices kept their healthy levels on Friday as the market is realising that supply is getting tighter compared to the recovering demand, with the first indications evident on Saudi deliveries.